You'll need to sign in or create an account to connect with an expert.
No, you cannot take it now.
First, a direct rollover is not considered a deductible contribution to an IRA (as stated by VolvoGirl).
Second, if you had made a deductible contribution to the IRA in 2016, then it would have to be reported on your 2016 tax return.
No, you cannot take it now.
First, a direct rollover is not considered a deductible contribution to an IRA (as stated by VolvoGirl).
Second, if you had made a deductible contribution to the IRA in 2016, then it would have to be reported on your 2016 tax return.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
user518e00f0
New Member
boxsterman
Returning Member
kbda
Returning Member
ojy0958430
New Member
tah0476
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.